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Price Action Trading with Indicators! The Freebie System

  • #5,721
  • Oct 20, 2011 11:47am Oct 20, 2011 11:47am
Quoting mustangzs
Killer trading today. Close to +200 pips. OMG!!! If I only got up at 3:00am EST like I'm supposed to I would have been close to double my day.

THANKS DREDDING, TELL ME WHEN YOU ARE READY FOR VEGAS!!!

Great job!

You should have been i chat today...i gave out 3 trades i was taking...banked well over 200 pips on just 2 trades ...I am beat from KILLING! the market today. LMAO!
  • #5,722
  • Oct 20, 2011 11:53am Oct 20, 2011 11:53am
I would have been in chat but been dealing with Charter Communications all day. I can't believe I have to sit by the phone for 3 different confirmation calls or they won't send a technician to come out and look at my lines. Oh well, shoddy customer service isn't removing this smile.
  • #5,723
  • Oct 20, 2011 4:18pm Oct 20, 2011 4:18pm
Hi Guys,

I'm new to trading. Read through this thread and thought I'd give this system a go. I've added a screenshot of my first (demo) trade. Does this look like a valid entry (red vertical line)? Overall trend seems down, failed at daily pivot, Any thoughts?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: trade1.jpg Size: 162 KB
  • #5,724
  • Oct 20, 2011 4:19pm Oct 20, 2011 4:19pm
Ok, so the candle hasn't finished on a red yet - my bad...
  • #5,725
  • Oct 21, 2011 12:55am Oct 21, 2011 12:55am
Happy pip hunting today.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,726
  • Oct 21, 2011 2:43am Oct 21, 2011 2:43am
Hey everyone I would like to take the time to personally thank Dredd he has helped more than I could even say. Let me begin by saying that when I first started reading this thread I thought it was one of those systems that was going to work for a while and then I would look at something else. Hell I was even dumb enough to vote it down in the poll(something I'm not proud of by the way) I even made it onto Dredds ignore list which came back to bite me in the ass lol. I didn't know it yet but this would turn out to help me in the end. It helped me because after I was put on ignore I couldn't post or ask questions in the thread so what did I do? I started reading from the first page and while reading I would come up with questions but I still couldn't post. I finally caught up and out of nowhere I see a post by Dredd that said I am clearing out my ignore list(Safe to say I was like hell yeah it is time to get educated and that I did) During the time I was reading I was also demoing until I became comfortable. Dredds system allowed me to trade at work even when I didn't have a lot of time to analyze the whole market and thats when things started changing. I started dedicating more time to trading and noticed I wasn't losing and it really did freak me out. I decided I needed a vacation so I took a 3 week vacation and all I did was trade. My results were insane and I am now glad to say that my last day of work was July 12, 2011. I have never looked back and actually I have never had to all because Dredd was nice enough to share his system. Thank you Dredd for changing my life for the better and helping me understand everything. Thanks for the tips and tricks you have taught me they will never be forgotten. Thanks again Dredd
  • #5,727
  • Oct 21, 2011 3:00am Oct 21, 2011 3:00am
Quoting ak47dan2004
Hey everyone I would like to take the time to personally thank Dredd he has helped more than I could even say. Let me begin by saying that when I first started reading this thread I thought it was one of those systems that was going to work for a while and then I would look at something else. Hell I was even dumb enough to vote it down in the poll(something I'm not proud of by the way) I even made it onto Dredds ignore list which came back to bite me in the ass lol. I didn't know it yet but this would turn out to help me in the end. It helped me...
Awesome
  • #5,728
  • Oct 21, 2011 3:12am Oct 21, 2011 3:12am
Quoting ak47dan2004
Hey everyone I would like to take the time to personally thank Dredd he has helped more than I could even say. Let me begin by saying that when I first started reading this thread I thought it was one of those systems that was going to work for a while and then I would look at something else. Hell I was even dumb enough to vote it down in the poll(something I'm not proud of by the way) I even made it onto Dredds ignore list which came back to bite me in the ass lol. I didn't know it yet but this would turn out to help me in the end. It helped me...
  • #5,729
  • Oct 21, 2011 8:06am Oct 21, 2011 8:06am
It's amazing how sitting in front of charts and just absorbing everything you can for almost 2 years has finally paid off. I've finally trained my brain to think like the big dogs. Risk/Reward, Money Management, incorporating fundamental analysis with price action....it's a beautiful thing. Closed these orders for 187 pips in the bag. Only order left is my short on the USD/CHF....lets see if that gets out of this range funk......which it's starting to do already.

&%*^*!!! Dredding....YOU'RE THE MAN!!!

EUR/USD +40
GBP/USD +85
USD/CAD +32
AUD/USD +30



Have a good weekend everybody!!!
  • #5,730
  • Oct 21, 2011 8:22am Oct 21, 2011 8:22am
Quoting mustangzs
It's amazing how sitting in front of charts and just absorbing everything you can for almost 2 years has finally paid off. I've finally trained my brain to think like the big dogs. Risk/Reward, Money Management, incorporating fundamental analysis with price action....it's a beautiful thing. Closed these orders for 187 pips in the bag. Only order left is my short on the USD/CHF....lets see if that gets out of this range funk......which it's starting to do already.

&%*^*!!! Dredding....YOU'RE THE MAN!!!

EUR/USD +40
GBP/USD +85
USD/CAD...
Excellent stuff Mustangzs. V happy its starting to pay off for you. Any chance you could post some of your winning charts for us mere mortals to have a look at as it helps train the brain.
  • #5,731
  • Oct 21, 2011 8:48am Oct 21, 2011 8:48am
Here you go!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 118 KB
Click to Enlarge Name: GBPUSD.jpg Size: 121 KB
Click to Enlarge Name: USDCHF.jpg Size: 113 KB
  • #5,732
  • Oct 21, 2011 9:14am Oct 21, 2011 9:14am
Quoting mustangzs
Here you go!
Cheers Mustang. Will look forward to viewing these tonight after I finish the daily grind working for the man
  • #5,733
  • Oct 21, 2011 9:15am Oct 21, 2011 9:15am
Quoting mustangzs
It's amazing how sitting in front of charts and just absorbing everything you can for almost 2 years has finally paid off. I've finally trained my brain to think like the big dogs. Risk/Reward, Money Management, incorporating fundamental analysis with price action....it's a beautiful thing. Closed these orders for 187 pips in the bag. Only order left is my short on the USD/CHF....lets see if that gets out of this range funk......which it's starting to do already.

&%*^*!!! Dredding....YOU'RE THE MAN!!!

EUR/USD +40
GBP/USD +85
USD/CAD...
KILLER trading this week man!
  • #5,734
  • Oct 21, 2011 9:20am Oct 21, 2011 9:20am
Well been busy in the chat lately so havent been posting as much as i should. Like the other traders i have made a HUGE pip gain this week! Today ...WAS AMAZING! Not going to tell just how many pips but i will post this chart of just my EurUsd trade from the last 2 days..you can guess the pip count, I trade the 7 majors and a few other pairs

And no..not all trades were with the trend...but it was ranging...so i traded with the range! all trades were taken on the M15 but so you could see both days i just changed it to the H1
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 147 KB
  • #5,735
  • Oct 21, 2011 9:24am Oct 21, 2011 9:24am
Wow, talke about a strong finish for the week. I just got up, and all the Major pairs have already hit there daily range. I will be ready Monday morning! Hope everyone has a good weekend.
Damn The Torpedoes, Full Speed Ahead!
  • #5,736
  • Oct 21, 2011 9:25am Oct 21, 2011 9:25am
Looks like everybody had a hell of a time this week. Now time to relax and be ready for next week.

If all the people who are in the green, start to pay for the drinks, we all end up as alcoholics

Have a great weekend

Udine
Sleep less, live fast, as it aint gonna last
  • #5,737
  • Oct 21, 2011 1:15pm Oct 21, 2011 1:15pm
Quoting mustangzs
Here you go!
Mustang

I notice that 2 out of 3 of your entries came after a '3' semafore. I would find this hard to do as it would feel like picking tops n bottoms rather than trading within the trend on the current TF. Or am I thinking too 'mechanical'?

All thread readers -

I am trying to nail this strategy on the longer TF charts (4 hour). Am I right in thinking that we should sort of ignore the current '3' semafore ( as it could be indicating a false top or bottom) and only trade with the previous '3' semafore behind us with that trend. Hope you understand what I mean!

Attached is a 4hr chart of the S&P. As you can see we have been making higher lows since the '3' semafore on the 4th October and we should have never thought about shorts since then as long as the previous swing lows where never taken out. Am I correct in my thinking?

Regards to all

D
Attached Image (click to enlarge)
Click to Enlarge Name: sp211011.jpg Size: 98 KB
  • #5,738
  • Oct 21, 2011 1:30pm Oct 21, 2011 1:30pm
happy weekend folks
  • #5,739
  • Oct 21, 2011 1:49pm Oct 21, 2011 1:49pm
Thanks you Dredding for the help...My 1st trades on e/u and eur/chf...both winners for 86 pips....

Man it feels great to leave scalping and be on the right side of the trade again.

have a great weekend...im studying!

dojirock
  • #5,740
  • Oct 21, 2011 2:32pm Oct 21, 2011 2:32pm
nice trade on eu doji
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